BRU buru energy limited

BRU Chart Thread for Yatchy, page-171

  1. 9,848 Posts.
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    I find the above chat on charting ironic really.
    Sure there is a head and shoulder pattern which cannot be denied but is unpalatable to other bullish chartists with their hard earned in BRU.
    No, no they say.
    Sure BRU has been flooded in for 2 months yet the SP is solid.
    Eventually the place will dry out and we will get 9 months of 3000boo/d at least.
    Sure we will have possible farm in action to go along with the production bonanza.

    So the technical analysis is saying head and shoulders so usually must fall.
    Yet the fundamental analysis says screaming buy with oil up and dollar down and farm in action along with production bonanza, not to mention the trucks will be ready to go.
    It also would be remiss not to mention an upgrade in 2c on the way to a 2p announcement.

    Common sense tells me which way BRU will go.
    If it was going to fall off a cliff I don't need a chart to tell me why, I need reasons in plain English why it might fall off the cliff, not a squiggly line.
 
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